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On Our Radar

FT: Senator Warns 25 More Firms May Seek Tax Breaks Overseas

A top Democrat warned on Tuesday a recent string of so-called tax inversions could foreshadow future moves as U.S. firms look to dodge American taxes.

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Ron Wyden, the chairman of the Senate finance committee, said "up to 25 more companies" are considering deals that would shift their headquarters to tax havens abroad, according to the Financial Times.